Interim Report January − June 2006

STOCK EXCHANGE RELEASE 19 July 2006

Good performance continued January-June in brief (continuing operations) - Comparable operating profit EUR 772 (654) million, +18% - Profit before taxes 779 (571) million, +36% - Earnings per share EUR 0.64 (0.45), +42% - Strong cash from operating activities EUR 786 (516) million - Fortum Espoo acquisition closed (former E.ON Finland) - Return on shareholders' equity target revised to 14% Espoo, 18 July 2006 Fortum Corporation Board of Directors Further information: Mikael Lilius, President and CEO, tel. +358 10 452 9100 Juha Laaksonen, CFO, tel. +358 10 452 4519 The figures have not been audited. Publication of results in 2006: Interim Report January-September will be published on 19 October 2006 Distribution: Helsinki Stock Exchange Key media www.fortum.com Information on the financial statement release is available on Fortum’s website at: www.fortum.com/investors